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Institution

Kiel Institute for the World Economy

FacilityKiel, Germany
About: Kiel Institute for the World Economy is a facility organization based out in Kiel, Germany. It is known for research contribution in the topics: Foreign direct investment & Productivity. The organization has 318 authors who have published 1909 publications receiving 42832 citations. The organization is also known as: Institut für Weltwirtschaft an der Universität Kiel.


Papers
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Journal ArticleDOI
30 Sep 2014-PLOS ONE
TL;DR: This case study shows a practical example of how an ecosystem-based fisheries management will be able to offer society options to solve common conflicts between different resource uses, a further footstep towards healthy fish stocks and sustainable fisheries in the world ocean.
Abstract: Modern resource management faces trade-offs in the provision of various ecosystem goods and services to humanity. For fisheries management to develop into an ecosystem-based approach, the goal is not only to maximize economic profits, but to consider equally important conservation and social equity goals. We introduce such a triple-bottom line approach to the management of multi-species fisheries using the Baltic Sea as a case study. We apply a coupled ecological-economic optimization model to address the actual fisheries management challenge of trading-off the recovery of collapsed cod stocks versus the health of ecologically important forage fish populations. Management strategies based on profit maximization would rebuild the cod stock to high levels but may cause the risk of stock collapse for forage species with low market value, such as Baltic sprat (Fig. 1A). Economically efficient conservation efforts to protect sprat would be borne almost exclusively by the forage fishery as sprat fishing effort and profits would strongly be reduced. Unless compensation is paid, this would challenge equity between fishing sectors (Fig. 1B). Optimizing equity while respecting sprat biomass precautionary levels would reduce potential profits of the overall Baltic fishery, but may offer an acceptable balance between overall profits, species conservation and social equity (Fig. 1C). Our case study shows a practical example of how an ecosystem-based fisheries management will be able to offer society options to solve common conflicts between different resource uses. Adding equity considerations to the traditional trade-off between economy and ecology will greatly enhance credibility and hence compliance to management decisions, a further footstep towards healthy fish stocks and sustainable fisheries in the world ocean.

51 citations

Journal ArticleDOI
TL;DR: In this paper, the authors present an empirical analysis of outsourcing using establishment level data for UK manufacturing industries and find that outsourcing intensity is positively related to labour productivity and total factor productivity growth and this effect is more pronounced for foreign establishments.
Abstract: This paper presents an empirical analysis of "outsourcing" using establishment level data for UK manufacturing industries. We analyse an establishment's decision to outsource and the subsequent effects of outsourcing on the establishment's productivity. We compare outsourcing in domestic with foreign-owned establishments. Our empirical results suggest that high wages are positively related to outsourcing, suggesting that the cost saving motive is important. We also find that foreign-owned firms have higher levels of outsourcing than domestic establishments. In the productivity analysis we find that an establishment's outsourcing intensity is positively related to its labour productivity and total factor productivity growth and that this effect is more pronounced for foreign establishments.

50 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigated the matching algorithm used by the German central clearinghouse for university admissions in medicine and related subjects, and showed that a procedure designed to give an advantage to students with excellent school grades actually harms them.
Abstract: Matching university places to students is not as clear cut or as straightforward as it ought to be. By investigating the matching algorithm used by the German central clearinghouse for university admissions in medicine and related subjects, we show that a procedure designed to give an advantage to students with excellent school grades actually harms them. The reason is that the three-step process employed by the clearinghouse is a complicated mechanism in which many students fail to grasp the strategic aspects involved. The mechanism is based on quotas and consists of three procedures that are administered sequentially, one for each quota. Using the complete data set of the central clearinghouse, we show that the matching can be improved for around 20% of the excellent students while making a relatively small percentage of all other students worse off.

50 citations

Posted Content
TL;DR: In this paper, the authors analyzed the cost of disin'ation under real wage rigidities in a microfounded New Keynesian model and showed that the results change dramatically, both qualitatively and quantitatively, for the steady states and for the dynamic adjustment paths.
Abstract: This paper analyzes the cost of disin‡ation under real wage rigidities in a microfounded New Keynesian model. Unlike Blanchard and Gali (2007) who carried out a similar analysis in a linearized framework, we take non-linearities into account. We show that the results change dramatically, both qualitatively and quantitatively, for the steady states and for the dynamic adjustment paths. In particular, a disin‡ation implies a prolonged slump without any need for real wage rigidities.

50 citations

Journal ArticleDOI
TL;DR: In this paper, the authors studied why multinational firms often share ownership of a foreign affiliate with a local partner even in the absence of government restrictions on ownership, and they showed that shared ownership may arise, if the partner owns assets that are potentially important for the investment project, and the value of these assets is private information.

50 citations


Authors

Showing all 325 results

NameH-indexPapersCitations
Richard S.J. Tol11669548587
Axel Dreher7835020081
Holger Görg6736717161
J. Edward Taylor5021013967
Thomas Lux4919411041
Dennis J. Snower473119689
Xinshen Diao462516568
Gabriel Felbermayr452726586
Peter Nunnenkamp422505711
Ansgar Belke425367383
Awudu Abdulai411566555
Katrin Rehdanz401616453
Martin F. Quaas391895628
Michael Hübler361944051
Mario Larch341464040
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
202213
2021105
2020105
201996
201888
201797